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If you don’t understand why you would put your money into #Bitcoin $BTC. Here is the highlights reel.
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mark roddy
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mark roddy retweetledi
⏰We’re getting very close to announcing the 97 projects that have been allocated FIL by badgeholders in FIL-RetroPGF Round 2!
📊Have a encoded sneak peek at the distribution of funds across the categories!
Any guesses for which projects received the larger pots?
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@jnthnvctr @j_schwartzz The bigger the pool in the development fund the greater the incentive for developers to come in and add real value. ….. isn’t there 300m FIL sitting around
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@jnthnvctr @j_schwartzz Pretty simple. Take some of the fees and direct to development fund. Proposals for public goods are voted for and funded with agreed milestones. Let developers choose their rewards, if it’s valuable we should be willing to pay, if it’s not it won’t get funded
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100p on board with the necessity of public goods funding, but (at least for me), retro active reward distributions ain’t it
I can’t imagine top engineering talent capable of earning 500k+ TC at a big tech company with a family to support would invest considerable time and resources up front in a project in hopes of receiving rewards retro actively
One exception here would be a 100% mathematical, verifiable solution with a public rubric and criteria ahead of time
Don’t have anything better tho
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mark roddy retweetledi
Today is the last day you can participate in the Github Showcase of @Filecoin's #filretropgf Round 2 and get some visibility for your project!
Join in now: github.com/filecoin-proje…!
We're distributing 300K FIL in Round thanks to @protocollabs @FilFoundation @GlobalHolon!!
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mark roddy retweetledi
Stage 1 of distributing 300K FIL as part of @Filecoin's RetroPGF-2 closes on 14th October🎉
More than 100 projects have showcased their work and impact on the ecosystem through the Project Showcase!
If you want to get involved too before Stage 2, it’s a simple 2-step process:
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@jnthnvctr @micoolcho Codifying metrics for acquisitions sounds dangerous
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I’m saying it has to be written in code (so the proposal is a fork of an L1 that on some conditions executes the conversion). This also means the metric collection has to be observable and measured onchain (which sounds out of reach now but I don’t think is going to sound so strange as things like IPC and things like station mature)
But aside from the technical pieces: i think there’s a bunch of other tangential benefits you get that would make it a more attractive pitch than just striking it out on your own
1) you get an existing community of advocates and adopters - we saw a version of this with eth L2s… only challenge is it’s like a “soft” alignment, and everyone has an incentive to do the bare minimum (and accrue the most value to their own token)
2) you get a union bet of every other start up + growth of that base layer on its own => which also means the more start ups that take swings (if the metric definition is tied to the value creation loop for that base layer) the better for your personal outcome
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The neat thing about this as a framework is it nukes some of the value siphoning people typically worry about - does the value accrue to the new token or to the base token? Doesn’t matter if the new token converts to the base token
It also means the builders / investors are able to acquire lots of the base token for a discount (spending fiat to get higher amts of the base token - but only if they’ve delivered some metrics of value to the ecosystem)
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mark roddy retweetledi
Welcome to crypto fren
Lyn Alden@LynAldenContact
I'm a huge fan of most Bloomberg content but this opinion article by @matt_levine is really bad. I respect most divergent opinions but it's written either as propaganda or from the perspective of someone who has never actually sent a bitcoin transaction. For example: "So if you send someone Bitcoin to pay for something, there will probably be a typo in the address and the person won’t get it and you’ll have to send it again and your first payment will just be permanently lost." Usually you copy it, not type it. And there are checksums in a bitcoin transaction. It's pretty hard to mess up, kind of like IBAN. It's designed well. "Probably" implies the majority, whereas a true mess-up would be a tiny minority. This is neither journalism nor serious opinion. And then I get to this line and have to double-check to make sure I'm not accidentally on The Onion: "The third classic problem is that, if you are using Bitcoin to pay for goods and services, there is a good chance that you are paying for something illegal, and Bitcoin payments are traceable. So if you send someone $16,000 worth of Bitcoin to buy a $16,000 thing, (1) some of your money will go missing in transit, (2) the Bitcoins you send won’t be worth $16,000 and you’ll have to send some more, and (3) the $16,000 thing was a murder and now you are in prison." He then went on to describe where someone hired a hitman for $8k and accidentally sent it to the wrong address and had to do it again. I mean... okay. Way to find the fringe idiot as though that's standard. I had to double-check that this article wasn't from 2012, because it's a weird set of fringe-cases presented as normal. It's like saying "You want to pay for something in cash dollars? They're covered in cocaine and you're likely paying for a mob hit. Let me tell you about this guy that..." Bitcoin is just global open-source money. There are 160+ currency jurisdictions in the world and many of them rapidly dilute their peoples' money and censor their peoples' transactions. Bitcoin is an emerging alternative for them.
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mark roddy retweetledi
📢 Excited to share our latest report on #Filecoin! $FIL. As a leading Asia Pacific distributed data storage provider, we're harnessing the power of the Filecoin ecosystem 🌏💾 #DataStorage #Blockchain #web3 holon.investments/the-holon-data…
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mark roddy retweetledi
Super thrilled to share my first pub, which has landed on the cover of Nature! We document the decline of disruptive science and technology across several decades in 45 million papers and 3.9 million patents. nature.com/articles/s4158…
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@marcolazzarini @RealVision @RaoulGMI @GlobalHolon New use cases will form too. We’ll see this next year I think. For example using Filecoin virtual machine you could have a DAO with a perpetual storage contract that owns a dataset. Additional funding for DAO via granting access to dataset.
Also Looking at @DeSciLabs recently
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@marcolazzarini @RealVision @RaoulGMI @GlobalHolon Sensitive data can still sit on filecoin today. It just needs to be encrypted or similar.
High performance which I assume is you mean a CDN is actively being worked on strn.network
Filecoin today is basically cheap archival but tomorrow will be different.
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By 2035, we'll have more data than we know what to do with...
In the latest segment of our #ExponentialAge series, @RaoulGMI sits down with Tim Davies of @GlobalHolon for a look at new forms of money, ever cheaper energy & the explosion in data creation we are about to see.
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@marcolazzarini @RealVision @RaoulGMI @GlobalHolon What’s interesting about the subsidies is that IF filecoin becomes useful then it should be reflected in the price over time which would make the subsidies more valuable.
Subsidies will last more than 20 years.
there will likely be unique services on filecoin.. so not just $$
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@marcolazzarini @RealVision @RaoulGMI @GlobalHolon I think there is a few things.
Firstly the idea here is that IPFS/Filecoin is more efficient than HTTP at scale.(with some things like indexing to solve along the way)
A marketplace of 10-100k storage providers competing for data is probably better than 10
Also…
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@MTorygreen This is right. Addressing the content itself is the next step (first step?). Data as an asset class is what is unlocked….
How can I get in touch?
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Most NFTs don’t actually host the underlying asset (art, music, etc…) on a blockchain, as this would be extremely expensive
Instead, the assets themselves are generally stored a separate server
This is why decentralized storage is so important
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Twitter usage must be at ATH propped up by crypto drama alone. What a mess.
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mark roddy retweetledi
My discussion this morning on the virtues of #Bitcoin, the vices of #Crypto, the wisdom of Satoshi, and the future of Digital Assets with @MorganLBrennan, @davidfaber, & @carlquintanilla.
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